Latvia is one of Baltic countries located in Northern Europe. Capital city is Riga, population is around 2.22 million.
In near past, this country had the suffering by world financial crisis. But now, the economic system is stable.
One of EU countries.

This bank is the largest bank in Latvia, expanding to France, Romania...

One of EU countries

Latvia is one of EU countries since May 1, 2004.
The standards of EU will be applied to your account.

Also, you can get Latvia Residence permits when you apply this program. Latvia permits is worked in all Schengen area.

Personal, corporate as well as offshore company account are available.
Through Oobac, opening offshore company account is quite easy.

Your account will be multi-currency account.

No Personal Appearances

No Personal Appearances is required through Oobac.
We are Official Agent of this bank, have been given to do Due Diligence procedure.

Multi-Currency

With one account, you can handle many types of currency, USD, EUR, CHF, JPY, LVL, GBP, HKD... Your account will be multi-currency account.

Internet Banking

An Internet banking facility is available for clients to transact online. This gives you the ability to manage your finances from anywhere in the world at any time.

There is two types of access to internet banking: One is full access, and other is limited access (just checking the balance).
When you need full access, EUR 10.00 per month is required.

Cards

The bank supports many kinds of cards and has partnered with the biggest names in the banking industry such as VISA and MasterCard to give you world-class convenience.
These cards will be made available to you once your account has been opened.

Please note that if there is no activity on your account up to 12 months, account maintenance fee EUR 300 is required.

Normal account maintenance fee is EUR 20.00 per month, but over EUR 10,000 in your account itLll be free.

Time for Opening an Account

After through Due Diligence, your account will be opened.
In normal case, itLll take 2 weeks (working day).

Language

The bank supports English, German, French, Russian.

Required Documents

For Personal Accounts:

Copy of your passport (we will make certification for you)
Proof of Address (within 3 months, we will make certification for you)

For Corporate Accounts:

Certificate of Formation/Incorporation (Original ones, or notarized copies)
Statement of Shareholders/Organizers (Original ones, or notarized copies)
Status of Company (Original one)
Board of Resolution for opening bank account (Original one)
Copy of your passport (we will make certification for you)
Proof of address (within 3 months, we will make certification for you)

Bank Name

Bank names are never revealed on this site for security and technical reasons. Oobac offers its services in confidentiality to our clients as well as our partners. As such, our unique offers cannot be availed of on your own.

Latvia has passed amendments to the Law on Immigration providing additional possibilities of obtaining a residence permit in the Republic of Latvia, valid for the period of 5 years.
The residence permit of the Republic of Latvia automatically guarantees free movement of persons within the Schengen area, currently consisting of 25 European countries.

This residence permit will be available both for investors and their family members --: spouses, underage children and persons that are under the surveillance/official care of such investors. Upon expiry of the term of residence permit investors and their family members are eligible to apply for the renewal.